RE:RE:RE:ROTOGRO FOR TOMATOESBaronBuffett wrote: Kurious1 wrote:
BaronBuffett wrote: That's all it's for. OG2.0 is for cannabis. That's the distinction and that's one argument (IMO) to make RGIs patent invalid.
Ok now you're just trolling
In case you're not, here's a great quote for you to consider
"“Mr. Madison, what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.”
If you did an iota of research you'd know there are photos of RotoGro units growing cannabis from circa 2005
Just trolling a troll.
Problem is that i'm using facts with my opinon thrown on top... Not trolling
Here's the facts:
RQB owes $13m due in 1 month
RQB doesn't have the money to pay it back but has a facility worth more than that.
George did buy RotoGro machines before joining RQB
George turned down a licencing agreement with RotoGro
RQB made their own version and copied patented components on the opinion that 'prior art' would cover them
RQB was served a patent infrinment notice and the shareprice HALVED over the next couple of days
RQB fired the board of directors and hired a new and very young board. (Yes, the old board were mining guys but they stayed with RQB through the entire process of becoming a licenced producer and they only abandoned ship when RQB was served a lawsuit)
RQB lost one of its brand new directors within 1 month
RQB destroyed shareholder confidence through diluting the share price by 33% for the acquisition of a phone app with no further information
RQB has not updated the market whatsoever regarding their joint ventures since the lawsuit
RQB lied in earlier announcements about being licenced to produce 11,000kg per year
RQB has failed to produce commerical amounts of cannabis and given very little reason for it. Is it 3/8 rooms that are fitted out? Even if it was 1/8 rooms, they could have done over 700kg by now, but from what I read here, they've only done 74kg.
I also heard RQB fired the lawyers who were working on the patent infringment, but im not sure of that or not.
Now for my opinion:
George is struggling to keep the company afloat. He's bought the app to give some sort of 'safety net' to RQB in case the patent infringment ruins the company. The app may also bring in new investors.
The patent infringment is hurting the joint ventures and they've stalled until the patent issue is cleared up.
I also think there's a chance the debt collectors could seize the facility and sell off assets to try to recover their $13m. I don't think there's a great chance of them extending the life of the debt with a lawsuit stopping the company from progressing.
I think theres a chance that someone else buys the debt however, and that would be very very good for RQB and may give them enough time to turn it around.